VanEck Vectors BDC Income ETF Forecast
VanEck Vectors BDC Income ETF price ended at $16.98 on Thursday, after gaining 0.83%.
(Updated on May 09, 2024)
The VanEck Vectors BDC Income ETF price gained 0.83% on the last trading day (Thursday, 9th May 2024), rising from $16.84 to $16.98. During the last trading day the ETF fluctuated 1.10% from a day low at $16.84 to a day high of $17.03. The price has risen in 6 of the last 10 days and is up by 2.35% over the past 2 weeks. Volume fell on the last day by -231 thousand shares and in total, 458 thousand shares were bought and sold for approximately $7.77 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $17.14 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 3.05% during the next 3 months and, with a 90% probability hold a price between $16.79 and $17.66 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BIZD Signals & Forecast
Mostly positive signals in the chart today. The VanEck Vectors BDC Income ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $16.82 and $16.54. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 5.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.
Support, Risk & Stop-loss for VanEck Vectors BDC Income ETF
VanEck Vectors BDC Income finds support from accumulated volume at $16.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.185 between high and low, or 1.10%. For the last week the ETF has had daily average volatility of 0.779%.
Our recommended stop-loss: $16.14 (-4.93%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (BIZD) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect VanEck Vectors BDC Income ETF to open at $16.95, and during the day (based on 14 day Average True Range), to move between $16.82 and $17.14, which gives a possible trading interval of +/-$0.159 (+/-0.93%) up or down from last closing price. If VanEck Vectors BDC Income ETF takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $16.46, some $0.520 (3.06%) from the current price of $16.98, our system finds the risk reward attractive.
Is VanEck Vectors BDC Income ETF ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for VanEck Vectors BDC Income ETF to perform well in the short-term.
Current score: 4.913 Buy Candidate Unchanged
Predicted Opening Price for VanEck Vectors BDC Income ETF of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $16.95 ( 0.186%) | $16.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BIZD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.13 | 0.90 % | |
| R2 | 17.06 | 0.487 % | ||
| R1 | 17.02 | 0.230 % | ||
| Current price: | 16.98 | |||
| Support | S1 | 16.88 | -0.603 % | |
| S2 | 16.83 | -0.86 % | ||
| S3 | 16.76 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 16.98 | |||
| Support | S1 | 16.46 | -3.06% | |
| S2 | 16.37 | -3.59% | ||
| S3 | 16.36 | -3.65% |
BIZD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 13, 2023 | Apr 01, 2024 | Apr 05, 2024 | $0.458 | 2.80% |
| 2 | Dec 27, 2023 | Dec 27, 2023 | Dec 27, 2023 | $0.468 | 2.90% |
| 3 | Dec 07, 2022 | Oct 02, 2023 | Oct 06, 2023 | $0.437 | 2.89% |
| 4 | Dec 07, 2022 | Jul 03, 2023 | Jul 07, 2023 | $0.419 | 2.78% |
| 5 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | $0.435 | 3.03% |
FAQ
Click here for our free guide on how to buy VanEck Vectors BDC Income ETF ETF.
